WASHINGTON, D.C. – U.S. Senator Jim Inhofe (R-Okla.), Ranking Member of the Senate Environment and Public Works Committee, today introduced legislation to reauthorize the Economic Development Administration (EDA).EDA works with partners in economically distressed communities to create wealth and minimize poverty by promoting favorable business environments to attract private investment and encourage long-term economic growth.Authorization of EDA’s programs expired on September 30, 2008.Senator Inhofe originally introduced this bill in July 2008, but the bill was never considered by the Senate.

“When it comes to the federal government helping Americans get back to work, one highly successful program that I have long supported is the Economic Development Administration,” Senator Inhofe said. “EDA has proven results in Oklahoma. Consider that in the past six years in my home state of Oklahoma, EDA grants awarded have resulted in more than 9,000 jobs being created or saved.With an investment of about $26 million, we have leveraged another 30 million in State and local dollars and more than 558 million in private sector dollars.I would call that a wonderful success story.

“Through my leadership position on the Senate Environment and Public Works Committee, I have built a record of successfully working across the aisle to pass common-sense legislation that will spur economic growth - whether it’s EDA reauthorization, infrastructure spending or energy policy.

“I look forward to working with my colleagues here in the Senate, as well as in the House of Representatives, to reauthorize a program that has proven results in getting Americans back to work. The sooner we pass this bill, the better.”

Remarks as Prepared for Delivery

Mr. President, today I am introducing a bill to reauthorize the Economic Development Administration (EDA).EDA works with partners in economically distressed communities to create wealth and minimize poverty by promoting favorable business environments to attract private investment and encourage long-term economic growth.Authorization of EDA’s programs expired on September 30, 2008.I originally introduced this bill in July 2008 so that we could avert this lapse in authorization.Unfortunately, my bill was never enacted, so I am re-introducing it today.

Unlike the majority of the spending in the so-called “stimulus” bill passed by the Senate earlier this week, EDA investments actually provide economic benefits.In fact, studies show that EDA uses federal dollars efficiently and effectively, creating and retaining long-term jobs at an average cost that is among the lowest in government.Knowing that, I was pleased to see some funding for EDA included in that massive spending bill; I only wish more of that bill had been legitimate economic stimulus.

Last year, I was disappointed to see an Obama campaign document refer to EDA as wasteful and ineffective government spending and propose cutbacks in funding for the agency.While I, too, am committed to eliminating wasteful spending, I couldn’t disagree more with that characterization of EDA.

In my home state of Oklahoma, for example, EDA has worked long and hard with many communities in need to bring in private capital investment and jobs.Durant, Clinton, Oklahoma City, Seminole, Miami and Elgin are just some of the Oklahoma communities that have made good use of EDA assistance.In fact, over the past six years, EDA grants awarded in my home state have resulted in more than 9,000 jobs being created or saved.With an investment of about $26 million, we have leveraged another 30 million in State and local dollars and more than 558 million in private sector dollars.I would call that a wonderful success story.

Particularly in these difficult economic times, we should be doing all we can to ensure the continuation of such successful programs, and reauthorization is an important step.I hope now-President Obama reconsiders the rhetoric of then-candidate Obama and recognizes the effectiveness and importance of this agency.I look forward to working with my colleagues here in the Senate, as well as in the House of Representatives, to reauthorize the programs of the Economic Development Administration as quickly as possible.

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Inhofe Announces Grant to Benefit Arkansas River Corridor Master Plan - WASHINGTON, D.C. -U.S. Sen. James M. Inhofe (R-Okla.) announced today a $500,000 grant from the U.S. Economic Development Administration for the Indian Nation Council of Governments (INCOG). These funds will be used for the Arkansas River Corridor Master Plan and specifically for engineering design and permitting for retrofits to the Zink Dam and two low water dams near Sand Springs and Jenks. As the Chairman of EPW in 2004, Senator Inhofe authored legislation to reauthorize the Economic Development Administration. Earlier this week, the EPW Committee conducted a hearing highlighting EDA investments in Oklahoma.

EPW Hearing Highlights EDA Investments in Oklahoma - INHOFE WELCOMES ELGIN MAYOR BEFORE EPW COMMITTEE - WASHINGTON, D.C. – U.S. Senator Jim Inhofe (R-Okla.) Ranking Member of the Senate Environment and Public Works Committee, was pleased to welcome Elgin, Oklahoma Mayor Larry Thoma before the Subcommittee on Transportation and Infrastructure yesterday morning. Senator Inhofe invited Mayor Thoma before the Committee to discuss the importance of the Economic Development Administration in Elgin. As the Chairman of EPW in 2004, Senator Inhofe authored legislation to reauthorize the Economic Development Administration. Earlier this year, Senator Inhofe introduced a bill to reauthorize EDA for another five years.

The Woodward News: City receives $1 million Grant for Conference Center - "It's another dream come true for Woodward." Over the past 20 years, city leaders have dreamed of building a new conference center in Woodward, Mayor Bill Fanning said, noting that the Woodward Industrial Foundation's "hard work and dedication has helped make Woodward's dreams a reality." The new conference center came one step closer to becoming a reality Friday morning when Fanning was presented an investment check worth $1 million from the U. S. Department of Commerce's Economic Development Administration (EDA) during a special ceremony held at the site of the future conference center. The center is planned as part of a Community Campus Project in conjunction with the Northwestern Oklahoma State University-Woodward campus along 34th Street in Woodward.

INHOFE ANNOUNCES $900,000 EDA GRANT FOR ADAIR COUNTY- WASHINGTON, D.C. - U.S. Sen. James M. Inhofe (R-Okla.), Ranking Member of the Senate Environment and Public Works Committee, announced today that the U.S. Commerce Department's Economic Development Administration (EDA) awarded a $900,000 grant to benefit the City of Watts and Adair County.

Inhofe in Woodward to Present $1 Million EDA Grant - WOODWARD, OK - U.S. Senator Jim Inhofe, Ranking Member of the Environment and Public Works Committee, today presented a check to the city of Woodward, Oklahoma, for a $1 million grant, which he worked to secure from the Economic Development Administration (EDA). According to EDA, the grant announced today will lead to 192 jobs in Woodward and generate $1.6 million in private investment.

WASHINGTON, DC – U.S. Senator James Inhofe (R-Okla.), Ranking Member of the Senate Environment and Public Works Committee, issued the following statement after voting against the largest spending bill ever to be considered before the United States Congress.

“Democrats must be held accountable for the lack of infrastructure spending in this massive government spending bill,” Senator Inhofe said. “Despite originally being sold as an infrastructure bill, the fact is this bill contains less than 7% for infrastructure in the entire bill. Furthermore, despite all the references to money going to shovel-ready highway and bridge projects, investment in highways comprises only 3% of the package. Through my leadership position on the Environment and Public Works Committee and Armed Services Committee, I know firsthand the link between infrastructure and defense spending, job creation, and a robust economy. Despite reaching across the aisle to propose amendments to strip wasteful spending and replace it with legitimate, job-creating provisions, the Democratic majority clung to their chosen priorities.

“If we are going to call this package a stimulus bill, then we need to direct resources to programs that have a demonstrated ability to create jobs immediately, and all other programs must be seriously considered,” Senator Inhofe said. “While there needs to be dramatically more infrastructure investment in the bill, it must not add to the size of the bill. Any additional funding for infrastructure inthe stimulus needs to be offset. There is more than enough waste in this bill that should be eliminated."
The Inhofe-Boxer amendment, which was blocked by the Democratic majority, would take funds not obligated within a year, up to $50 billion, from programs in the stimulus that are not spending and redirect them to infrastructure projects that are ready to have a contract awarded within 120 days of receiving this money.

First, I would like to note that despite concerns to the contrary, Chairman Boxer and I successfully worked together in the 110th Congress to get several things accomplished, most notably the long overdue Water Resources Development Act (WRDA07).I look forward to an even more productive working relationship in the 111th Congress.The Environment and Public Works Committee has a long history of working in a close bipartisan fashion despite major policy differences, and I’m sure that Senator Boxer and I will continue that tradition.

I would like to officially welcome the new members of the Committee.On the Democratic side we are joined by Senators Jeff Merkley (OR) and Tom Udall (NM).On the Republican side we are rejoined by Senators Specter and Crapo, both of whom are returning to EPW.Welcome to everyone.

At the start of a new Congress it is customary and very appropriate to lay out goals for what we hope to accomplish.Not surprisingly, I have a few thoughts I would like to share.

Certainly, one of the greatest challenges facing the Committee this year is the reauthorization of the highway bill that expires this September. The current program is in need of major reform and refocusing, and the Highway Trust Fund is going to be insolvent. I believe if we are going to finish on time, the bill must be off the Senate floor prior to the rush of appropriations bills in the summer.This means we have to mark it up in the next 2 or 3 months. Obviously this is a herculean task, but I look forward to taking on the challenge with the Chair and my Committee colleagues.

Two more periodic bills I would like to see us address this Congress are the reauthorization of the Economic Development Administration (EDA) and the Water Resources Development Act (WRDA).EDA’s programs actually expired on September 30, 2008.I introduced a reauthorization bill last summer and worked with the majority to report a bipartisan bill out of committee.Unfortunately, it was not enacted.I am reintroducing my bill today, and I hope we can work together to ensure the continuation of this effective agency and its programs.

I believe we should work on another WRDA bill this Congress.In order to preserve the proper authorization-then-appropriations process, we must pass authorization bills on a regular schedule.Seven years between bills, like last time, is much too long.In addition to any Member project requests we receive, we will have several policy issues to address in the next WRDA bill.These issues – such as levee and dam safety, the Inland Waterways and Harbor Maintenance Trust Funds and water supply pricing – need solutions strongly supported by both sides of the aisle, and I am confident we can develop such solutions.

With some fiscal discipline and sound senior management, the Superfund program can work efficiently. However, we need to make some improvements.Specifically, reduce bureaucratic and redundant administrative costs and improve effective site management.As a Committee we will have a full plate in regards to brownfields, coal combustion waste, and the Resources Conservation and Recovery Act (RCRA) issues.My hope is that we will take a bipartisan, commonsense, and practical approach to addressing these issues while protecting both human health and the environment.

There are several pressing concerns that this Committee may be asked to consider, and I hope we do so circumspectly, including the potential expansion of the federal jurisdiction over waters of the United States. I, along with many land owners, family farmers, and county officials are understandably concerned with any attempt to expand the federal reach over state waters and personal properties.

Throughout my tenure on the Environment and Public Works Committee, I’ve supported legislation that protects cities and states from unfunded federal mandates. With that in mind, it is my hope the Committee reauthorizes the State Revolving Loan Funds for drinking and waste water.Also, we need to pursue policies that better represent the unique needs of our nation’s lower income rural communities and continue to make progress on security issues at our nation’s drinking water and waste water facilities.

Over the last several decades, scientists, EPA, and the regulated community have learned much about how to measure and protect against threats to the environment and human health. We continue to hear that efforts will be made to rewrite longstanding statutes regulating risk assessment, chemical review and science policy at EPA. If these proposals are brought forth, rest assured that I will continue my long-standing support and insistence that EPA regulations be based on validated science and the use of risk-based analysis, including the consideration of costs to the private sector.We must not allow regulatory decisions to be based on precaution, fear or uncertainty; rather they must be based on sound science.

Recently, the U.S. Fish &Wildlife Service finalized several rules that build common sense into the regulatory process under the Endangered Species Act. Despite much activist hand wringing, the polar bear decision, the 4(d) Rule, and the Section 7 “consultation” rule revisions are all incremental attempts to clarify and streamline a very cumbersome law. The practical effect of these actions will help focus scarce resources on the tangible actions we can take to protect species rather than discourage economic development. I sincerely hope that during these difficult times Congress will not waste time attempting to undo such minor reforms to a decades-old law.

The Chairman has also indicated that climate change will remain a top priority. While I remain opposed to the regulation of CO2, I am committed to ensuring that any cap-and-trade proposal will protect workers and families from higher energy prices, will have realistic targets that reflect levels of reachable technology, and will be global in nature.

Certainly, a part of the climate change debate is nuclear energy.When managed safely, it is vital to achieving our energy security and clean air goals. It is my hope that this Committee will continue its rigorous oversight of the Nuclear Regulatory Commission and closely examine Commission nominees for diligence and fairness in their leadership and decision-making.

On other air issues, I am happy to see more funding going for the Diesel Emissions Reduction Act, and I will work to continue to support this cost effective program.The Clean Air Interstate Rule (CAIR) is also at the top of my list of concerns.As the Committee weighs its options on this matter, I am hopeful that we will resist activists’ calls to overreach and instead choose to work towards a similar consensus as was achieved during the release of the initial CAIR rule – the benefits of which were estimated by EPA to be over 25 times greater than their costs

On a jurisdictional matter, I hope that the Chair will agree with me that we need to aggressively exercise our jurisdiction over the Renewable Fuel Standard (RFS). Despite the enormous amount of attention and the eventual legislative enactment of the greatly expanded RFS, I was disappointed that we held just one hearing on the RFS in the 110th Congress. It is our delegated responsibility to exercise oversight, to reassess, and to legislate on the Renewable Fuels Standard. I sincerely hope that will occur in the 111th Congress.

I also want to comment on the newly created Green Jobs and the New Economy Subcommittee. I am hopeful that as we hold hearings and examine legislative initiatives related to green job creation, we stay mindful of any negative consequences these initiatives potentially place on American consumers and businesses. Beyond the billions spent on today’s current programs, how much and at what pace is an appropriate level to subsidize and mandate renewable energies? What regions of the country win and lose? Most importantly, we must not predetermine the winners and losers. From nuclear energy, which provides 74% of our nation’s non-emitting electricity, to emerging alternatives like natural gas-powered vehicles and geothermal heat pumps, this new Subcommittee must be balanced in its examination of the economic feasibility, the emissions improvements, and the time frames for deployment.

I am pleased to see the Chairman has created an Oversight Subcommittee.My hope is that we will work in a bipartisan manner to ensure that effective oversight is conducted in a timely and vigilant manner.Oversight is not only a Congressional necessity but an essential tool to ensure that the laws work and are being administered in an effective and efficient manner.

Thank you, Madame Chairman, and I look forward to a busy year and working with you to get things done that will benefit this great country.